Concerto advises companies, institutions and leaders on navigating and managing complex environments characterised by high political, economic, and reputational stakes. I would like to thank CAPZA, a leading private equity player, for the trust placed in Concerto. CAPZA is a generalist but has built up strong expertise in supporting companies in the health, technology, and services sectors. CAPZA Group has more than 120 employees based in Paris, Munich, Madrid, Milan, and Amsterdam, and is part of AXA IM Alts, one of the world's leading alternative investment firms with €190 billion in assets under management5. 4 The funds of the CAPZA Transition range are managed by the asset management company CAPZA, and advised by CAPZA Transition SAS which has financial investment advisor status (CIF in France), is registered under the Orias under the number 18001601 since the 03/23/2018.